724 Water St, Lake City, CO 81235

Here is your opportunity to own a perfectly located, income generating property in Lake City. This exceptionally well-maintained multi-family home features a total of three units. UNIT ONE: This is the main level and measures approximately 1200 sq ft. It features 2 bedrooms and one bath and a dedicated laundry room. The opened living concept floor design provides spacious easy living. The kitchen has a center island, oak cabinets, matching appliances including an electric stove/oven, dishwasher, refrigerator and built in microwave. The dining area is large enough to seat a party of 6 and features a ceiling fan /light fixture. Two large corner windows in the living room let lots of natural light in keeping the electric bill low! Bedroom #1 has carpeting and a large closet. Bedroom #2, is large enough to hold 2 single beds, and has two large windows that provide plenty of natural light. UNIT TWO: Also known as the East Apartment, measures approximately 600 sq ft and is located on the second level and has a very large, open kitchen, breakfast bar large enough to seat 4 bar stools, one large bedrooms with a full bath. There is also a dedicated laundry closet that holds a full-size washer and dryer! UNIT THREE: AKA the West Unit, identical to unit 2, measures approximately 600 sq ft and is located on the second level and has a very large, open kitchen, breakfast bar large enough to seat 4 bar stools, one large bedrooms with a full bath and laundry closet that holds a full-sized washer and dryer. THE BUILDING: Built in the mid 1990s the architecture has that old west mountain charm including exceptional views from every unit. Each unit has its own electrical meter, dedicated heat zones and all are wired for internet, making this the perfect set up for individual rental units. Heated flooring throughout, the propane tank is owed, and there is plenty of available parking for your trailer’s, toys or recreation vehicles. FOUR CITY BLOCKS: Perfectly located in the middle of town on a total of 4 city blocks. Enjoy summertime BBQs and star gazing at the night sky. The property also comes with a small shed that is heated and a larger shed for additional storage. Live in the main level and rent the upper units to cover help the mortgage! Live in the main level, use the upper 2 units as short-term vacation rentals to help cover the mortgage! Use all three units as long- or short-term income generating rentals! No matter what you do you simply can't lose owning this property!